# Elixir Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elixir-technologies

- Industry: Software
- Headquarters: Chicago, US
- Website: www.elixir.xyz/
- Total disclosed funding: $18M
- Latest round: Series B (Mar 12, 2024)
- Investors on record: 19

## About

Based in Illinois, US, and founded in 2022 by its CEO Philip Forte, Elixir Technologies operates as a provider of decentralized, algorithmic market-making technology that can provide liquidity to the long tail of crypto assets. In October 2023, Elixir Technologies Ltd. raised USD 7.5 million in series A funding led by Hack VC, with participation from NGC Ventures, AngelList Ventures, and Bloccelerate. 

Elixir Technologies creates a decentralized market-making protocol for digital assets in order to create a continuous, algorithmically deployed liquidity base for the pairs. The protocol can be incorporated into Defi Central Limit Order Book Applications (CLOBs) and Concentrated Liquidity AMMs to enable native, active market-making liquidity as well as to provide computationally secure, algorithmic market-making across CEXs and DEXs, enabling full composability for integrations. 

The company plans to use the March 2024 funding to increase liquidity across order book exchanges by growing its decentralized network.

## Funding rounds

- Series B, Mar 12, 2024, $8M — Manifold Partners, Amber Group, GSR Capital, Mysten Labs, Inc., Flowdesk, Maelstrom
- Series A, Oct 18, 2023, $7.5M — Hudson River Trading, Hack VC, NGC Ventures, Bloccelerate VC, AngelList Ventures
- Seed, Jan 17, 2023, $2.1M — Gate, Betaworks Ventures Management, Chapter One, KuCoin, Inception Capital, Quantstamp, Inc., Avalanche, FalconX

## Investors

- Gate — Seed
- Betaworks Ventures Management (https://capitalatlas.ai/funds/betaworks-ventures-management) — Seed
- Chapter One (https://capitalatlas.ai/funds/chapter-one) — Seed
- KuCoin — Seed
- Inception Capital — Seed
- Quantstamp, Inc. — Seed
- Avalanche (https://capitalatlas.ai/funds/avalanche) — Seed
- FalconX — Seed
- Hudson River Trading — Series A
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Series A
- NGC Ventures (https://capitalatlas.ai/funds/ngc-ventures) — Series A
- Bloccelerate VC (https://capitalatlas.ai/funds/bloccelerate-vc) — Series A
- AngelList Ventures — Series A
- Manifold Partners — Series B
- Amber Group — Series B
- GSR Capital (https://capitalatlas.ai/funds/gsr-capital) — Series B
- Mysten Labs, Inc. — Series B
- Flowdesk — Series B
- Maelstrom (https://capitalatlas.ai/funds/maelstrom) — Series B